[Yoon Seok-yeol Impeachment] Choi Sang-mok, Following F4, Calls Emergency Meeting of Economic Ministry Chiefs

Choi Sang-mok (second from the left), Deputy Prime Minister for Economic Affairs and Minister of Economy and Finance, along with heads of economic departments, are attending the Macroeconomic and Financial Issues Meeting held at the Bankers' Hall in Jung-gu, Seoul on April 3. From the left: Kim Byung-hwan, Chairman of the Financial Services Commission; Choi Sang-mok, Deputy Prime Minister for Economic Affairs; Lee Chang-yong, Governor of the Bank of Korea; Lee Bok-hyun, Governor of the Financial Supervisory Service. 2025.4.3. Photo by Kang Jin-hyung

Choi Sang-mok, Deputy Prime Minister for Economic Affairs and Minister of Economy and Finance, convened an emergency meeting on the 4th to assess the financial and foreign exchange market situation following the Constitutional Court's decision to dismiss President Yoon Seok-yeol.

The Ministry of Economy and Finance announced through a press release that "a macroeconomic and financial issues briefing (F4 meeting) will be held privately at 1:30 PM at the Government Seoul Office." The meeting is expected to include Lee Chang-yong, Governor of the Bank of Korea, Kim Byung-hwan, Chairman of the Financial Services Commission, and Lee Bok-hyun, Governor of the Financial Supervisory Service.

The briefing aims to review the financial market situation amid the turmoil caused by the live broadcast of the Constitutional Court's ruling on President Yoon's dismissal, which was delivered from 11 AM.

Around the time of the ruling, the won-dollar exchange rate showed a downward trend. On this day, in the Seoul foreign exchange market, the Korean won exchange rate against the US dollar started with a sharp drop of more than 10 won compared to the previous session, continued to decline during the morning, and by 1:15 PM had fallen to the 1,430 won level.

The KOSPI also experienced sharp fluctuations before and after the ruling, turning bearish as profit-taking selling emerged following the dismissal verdict, trading around the 2,445 level.

After the F4 meeting, Deputy Prime Minister Choi plans to convene an economic ministers' meeting around 2 PM to review current issues and discuss future plans.